emissions compressed into a few minutes and you can see the three main culprits right there it's u.s. europed the new top emitter china. >> trevor: oh, wow. the world, it remind me of, like, a lava lamp because in a few decades it will be gone. now, the u.s.-- ( laughter ) the u.s. europe, and china have all pledged to cut their carbon emissions, but here's the problem-- if we want to keep the earth from getting more than two degrees celsius hotter, the world can only emit a certain amount of carbon, and if we take the amount of carbon the u.s., the e.u. and china have pledged to emit by 2030, that only leaves that much carbon for the rest of the world. there's nothing left. it's like shopping at the scarf store after johnny death depp has been there. you work in l.a., johnny depp. why are you so cold all the time. for more we turn to senior climatology correspondent ronny chieng, everybody. ( cheers and applause ) so ronny this climate change thing is a mess. >> well, i don't know why everyone is so worried. i mean, climate change is actually make a lot of good things happen. >> one study s

u.s. and europe.he citigroup note basically admitted that they jumped the gun on upgrading the shares in october. they downgraded to neutral from buy today. is that embarrassing, or do we admire them for being honest? thomas: we admire them, but the analyst committee -- community has been jumping the gun on our slow middle for five years now. they have been saying a recovery is coming, and every year shares costs toand they cut deal with lower demand in europe and the u.s. i don't think anyone really saw what china's exports data to the steel market. mark: are we closer to an inflection point for the likes of our slow middle -- arcelormittal? when will the market be balanced? number is asxcess much as 700 million tons. across the world, 500 million tons of excess capacity in china alone. the inflection point, when is china going to cut capacity, stop exporting? mark: thanks for joining us. focusing on the u.s. market. treading water, is that a fair description? that is there, though we are trading low

leaders in carbon emitters like the u.s., europe, china, russia, and all the less developed countrieshose have (bleep)ed over. the agreement to prevent nellie's apocalyptic vision. (singing) but how did we get in here? since 1880, human activity has warmed the earth's surface .85 degrees celsius with some already troubling effects. but more recently, humans have become far more efficient as making it hotter faster, without even looking back. in fact, in just a few decades, the earth's surface could be a full two degrees warmer than when we started messing with it and according to most scientists, two is a bigger number than .85. like you needed another reason to hate math. >> math! desi: many of the same scientists say 2 degrees is the furthest we can push this planet before it turns on us, much like a young sorority pledge you keep hazing and hazing until finally she has no choice but to report you to the national chapter and, sure you may tell people about the one time she got drunk and pooped the bed, but you will be sorry because she's on tv now, kathy! >> kathy... desi: the point

they are growing faster than all of the countries you have u.k.,ned -- the u.s., europe and japan. according to mario draghi, the economy is ok. would you just said was completely the opposite. is he wrong or is the message there for a reason? marios: the message is probably there for a reason. of the rightll things, he has been doing the right things for years now. . expect him to continue it is the policy. i expect him to add to -- this isthe right policy but he doing the right thing for his economy. jonathan: you expect him to do what everyone else wants them to do. and is itdeposit rate -- get the enough to dollar to pop? parity inthink the the first quarter of next year, the weakness is factored in. to go, we little more will see the importance of the euro in the first quarter and then you will see some gradual recovery. what you do so well are the adjacencies of the debate. in --an ferro and i were who is going to blink next year? through in thenk tell last january. who is going to be in the swiss move,al bank in 2016 and based off all these elephants in the room? expect -- t

europe. there is more confidence in the u.s. accelerating growth rather than europe. taking a fresh look at the u.s., and now we wonder whether that activity will take place in europe as the economic recovery stabilizes. allergan: the e deal? >> it could be answered in both ways. answer -- bothl businesses are truly u.s. businesses. some people could argue that it is a european deal. for data reasons, it is a u.s. deal. it accounts in one of the companies, one of the sectors, pharmaceuticals, still one of the busiest this year. and of takeovers pharmaceuticals have taken place in the u.s.. in europe, we seen a lot of small midsize deals. surprise is in the m&a numbers. it's the participation of mining how small it was. that bp deal and wondering where the rest of it went. guy: what was the prime driver of the m&a we have seen this year? that ink about the fact eps is being pumped by share buyback. it's driving financial rather than industrial logic. how much is financial, and how much is industrial? >> a combination of both, right? we saw a few deals last year were mor

u.s. and europe. that's closed pretty much and even if i show you the numbers of core inflation and growth and i don't tell you which one is which you'll probably have difficulty understanding whether this is the numbers that correspond to the u.s. or europe. they're very similar. the main difference is the gap in europe is much wider but the markets is what's priced in and we have a pricing looking at europe. it's a full day cycle to given the starting point and how global are the forces in the global economy right now i would take the other side and i would say risk reward says buy europe and be a bit more circumspect on the u.s. >> you're staying with us for the time being so we'll pick up on some of those points and points from our super active viewers this morning. what are you doing? it's fantastic that you're with us. by all means keep your mails and tweets coming through. craig is watching from home as well. worldwide exchange. hello, craig. you're writing in and tell megathat you're watching.

now you have u.s., europe and asia all as almost equal blocks and they're all doing different things. makes it more interesting to come up with strategies to play those kind of conditions. >> actually there's probably starting to be value at the long end of the u.s. curve and there's better value at the front end of the european curve. >> thank you for that. >> and we'll be updating you throughout the day on cnbc.com and also don't forget to tune in for special coverage of the decision. decision time is with myself and carolyn. starts at 13:30 cet. worldwide exchange back in a couple of minutes. >>> russian president vladimir putin is delivering his annual state of the nation address in moscow. putin says turkey will regret what it did. he says we will keep reminding turkey about the downing of the russian war plane. moscow's response will go beyond food embargo. if he thinks russia's reaction will be limited to trade sanctions they're wrong but he says we won't use weapons in response to that incident. in terms of flashes on terrorism he says one country alone can't defeat terrorism.

experts and our guests in the u.s., europe, and asia to time to contemplate the future. >> what surprisingave in store for us? >> give us the pessimists guide to 2016. chief global clinical analyst is also with us. let's go to you john. walk us through. what is a telling us? >> what we are getting at here is that the world is becoming a more unpredictable, riskier place. the rules governing politics are unraveling to a certain extent. vladimir putin and his growing militarism and eastern europe. the euro zone. politics have become more important for markets. a big concern for a lot of the people we spoke to. cyber, an interesting one. specifically, what would happen if hackers decided to target wall street and the city. >> how does the oil tie-in with the risks that you see ahead? >> i'm still more concerned about the political risks of low oil prices. and the pressure that puts on producing countries. i think we have to keep an eye on venezuela. the pressure on regimes and the risk of arab spring relapse is one of the things on my mind. >> are we reaching a crescendo? >> this is the year

u.s. and europe, you know, the group divergence is actually getting a little bit less. dilys been growing and i think continues to grow and the u.s. has been divergent. i would argue that it's no big difference. if you think about the unemployment difference on the divergence, the levels are higher in europe, coming down slower but our study trends so far. i would say that we are at or past the peak divergence. scarlet: what does a typical global economic recovery look like and how close are we to it? binky: you have to take a really long view in terms of thinking about typical economic recoveries. that this is a very typical global economic recovery. alix: it doesn't look like one. last one was more atypical. 2002 through 2007 was a more globalized economic expansion. we have to that -- we have had to of them since 1960. your point with this chart, asynchronous growth? binky: exactly. there is a problem with a synchronization, it feels like there is a problem at some point everywhere in time. lotit is actually doing a better than the 1990's and i don't have to remind ev

therts and our guests in u.s., europe, and asia to time to contemplate the future. >> what surprisinge in store for us? give us the pessimists guide to 2016. chief global clinical analyst is also with us. let's go to you john. walk us through. what is a telling us? >> what we are getting at here is that the world is becoming a more unpredictable, riskier place. the rules governing politics are unraveling to a certain extent. growing putin and his militarism and eastern europe. the euro zone. become moree important for markets. a big concern for a lot of the people we spoke to. cyber, an interesting one. specifically, what would happen if hackers decided to target wall street and the city. >> how does the oil tie-in with the risks that you see ahead? >> i'm still more concerned about the political risks of low oil prices. and the pressure that puts on producing countries. i think we have to keep an eye on venezuela. the pressure on regimes and the risk of arab spring relapse is one of the things on my mind. a crescendo?ching >> this is the year that rising geopolitical risks and rising

also, we'll bring you europe's close and what it means for the u.s.n just a moment. >>> steve liesman is back at headquarters. >> thanks very much. our r nbc all america economics survey asking about the issue of terrorism encryption and government monitoring of terrorists is a very interesting result. i want to show you this first graphic here and explain a little bit. we went into the field just before the san bernardino tragedy. we went back into the field. originally we asked 800 americans. we went back and we re-interviewed 347 to get very different results. >>> flying, more concern there. more concern about visiting big cities. then we asked these two right here about attending big events like concerts, and also going to the shopping mall. not huge and overwhelming, but some increase in concern. what should the government do about it? when it comes to the issue of are you afraid the government won't go far enough or will go too far in monitoring terrorism, take a look right here. this is july 2013. the height of the revelations from eric snowden

. >> this is growing globally, into the u.s., into europe, and the world beyond. some countries have imposed a moratorium. others, including poland, have in place to it with over 100 concessions awarded. with overbraced it, 100 concessions at. this is an organic farmer. his farm sits on a gas hot spot. he is worried about the impact on water sources in the region, particularly of chemicals used in these processes leak. he believes other forms of pollution may follow. some do except that poland's gas reserves are economically important but they are opposed to the fracking process itself. >> in this village in the grip of winter, farmers are also concerned. they maintain they were given little information by the authorities or the gas companies before the drilling began. residents here say the gas industry has presented a misleading image of fragging. fracking. the film maker behind "gas land" recently pledged solidarity with polish activists. >> there is no evidence that shale gas can be developed sustainably. there is no evidence that we can withstand what this wo

if you are sitting in europe you will need a discount to transport your oil from the u.s. urope. that needs to be around $4.00 a barrel, the discount for u.s. $1.11.sus brent is mark: stockpile for something oil watchers gauge closely every wednesday in the united states. what is the takeaway going to be? ryan: we have got that it 10:30 london time. if stockpiles in the united states, if we discover they are continuing to rise that would be a bearish signal. it is winter. people should be buying heating oil. we have had conflicting views going into this. it is a number two watch. -- to watch. mark: since the fourth of november, wait for me, i'm putting in my units, it's fallen by 11%. that is a substantial fall. a class of equities. your take on the oil sector. julian: i think obviously we have seen a lot of softness in theo oil price. there has been quite a bit of hedge fund activity in the commodities and stocks and so, consequently, you have seen increased volatility. and the prospects for the large, integrated oil companies in europe, the shells, are not stupendous, you

u.s. economy that is strengthening. you have a europe economy that's doing okay. that's good, by the way. and those two factors alone should move earnings and the stock market much higher. >> well, let's just dig a little deeper. get from macroand talk sector. the winners are discretionary, health care, and tech. what's the best sector to buy for 2016? pete and john, you have actually been debate about this. >> what do you think? >> that means some of this from this year. we look at ham zon. that's one of the areas. you look at something like sales force. whether they get bought or just continue on their own, they just made an acquisition just the other day. this is a company that just continues to grow their revenues. now, from a pe standpoint, both those two names are very, very toxic. everybody is very, you know, obviously intimidated. when they look at those names, you think, oh, my goodness, how can i buy into those? how about microsoft, azur, and the job that satia nadella has done in transition? for that reason the cloud space has much more to go. i think t

you look at the u.s., europe, japan, china, the economic growth has been mainly on the base of usinga lot of coal. and they use a lot of coal and put it in the atmosphere and it is still there, a big chunk of it. we cannot afford to have the same pattern to continue because we will not be able to reach our climate targets. so therefore one thing we suggest is that either the countries should not build anymore inefficient coal fired power plants and the ones who are building it should have some -- such as africa, such as india. or there should be some mechanisms to provide them cheaper sustainable energy sources. other than that, we cannot oblige african countries or india, other poor countries, to choose for the more expensive options in the absence of providing any incentives for them. therefore, i believe there will be an agreement hopefully in paris and hopefully there will be an agreement where all important if not all countries are signing but how this agreement is put together will be very important in the context of having all major emerging countries on board. and this means

u.s. and europe. the question is whether or not those economies have enough momentum to continue to grow and generate earnings and even earnings at a stronger rate. we think the u.s. will do that next year. we are expecting that out of europe. even with china's slowdown, as long as it remains stable, we think it will be the buying opportunity that investors are waiting for to move money from bonds into stocks and from international to the u.s. david: your focus is going to be more on domestic stocks then a national ones. -- than international once. >> we like europe, developed markets. we prefer the u.s. and we like sectors here in the u.s. that are leveraged to the cycle. mainly consumer discretionary, information technology and industrials. david: when you look at currency, so much of the story this last year has been about the strengthening dollar. you expect that to continue into 2016? >> most of the move is in place. we are looking for the europe between one dollar and $1.24. we are waiting to hea

scarlet: the action was not just in europe or equities. this is 10-year u.s. yields. even they shot up quite a bit. long-term rates, not the short-term stuff that is sensitive to the fed. any portfolio that is long stocks and treasuries really got slammed today. stocks and treasuries selloff at the same time, reminiscent of what we saw in august. scarlet: volatility is taking investors by surprise. you can see all of these charts and more on twitter. we want to welcome our first guest, chief international economist at deutsche bank. welcome. joe: thanks for joining us. what happened today? how did the market and the ecb get on different pages? guest: the expectations were so high in terms of what they would deliver. they would throw the entire kitchen sink at the economy. i still think it is interesting for the ecb process at the moment. we started with the idea that we would like the euro to go lower. you built the expectation up so -- once weere was got to the meeting, the expectations were too high compared to what could be delivered. mario draghi did help stoke ex

and you can see the three main culprits right there: the u.s., europe, and the new top emitter: chinaadvance of these paris talks, many of the world's biggest emitters-- including the top three-- have made voluntary pledges to cut back their emissions. they're considered the most ambitious targets ever pledged, but will they be enough to stay below two degrees? to answer that, a group of researchers created what's called a "carbon budget"-- it's an estimate of how much carbon energy we can continue to burn while still staying under the two degree threshold: and as you can see, fairly soon-- a matter of decades-- global carbon emissions will have to drastically go down to keep the warming in check. but there's another problem: just taking those pledges made by the u.s., the e.u., and china alone-- by 2030-- those three will account for nearly all the budgeted emissions, leaving barely anything for the remaining five billion people on earth. that includes entire continents like africa and south america. it includes the subcontinent of india, which will inevitably emit more and more carb

u.s. and europe confirm that they are dealing with possible isis attacks to disrupt holidays. insiders say it is still not a widespread policy. abc news new york. >> connecticut and the nation marking a somber anniversary today. opened fire at sandy hook elementary killing 20 children and six educators. fresh in everyone' s minds, the lives lost. this is the first time the anniversary falls on a school day. newtown' s high school and middle school holding moments of silence. but lower grade schools are trying to keep the day as normal as possible for students giving parents the option of discussing the tragedy with their children. erika: today massachusetts leaders are marking the anniversary with the unveiling of a new gun control billboard. it' s sponsored by stop handgun violence. that' s the same group behind attention-grabbing billboard that overlooked the mass pike near fenway park. that billboard came down after the parking garage under it was sold. the new one is located across the from the hynes convention center. emily: new at noon the man accused of killing a stough

u.s. or europe., our business in europe we expect to do better over the next few years because our customers are doing better. you know, i was just with a customer who buys a lot of things from china and consumption is going up in spain. and the cost of, you know, of all those products to import is going down. so they are going to be very competitive. spain has been growing exports in a very significant way over the last 12 months. and so, you know, that should be -- that is one of the effects of the cheaper euro. francine: what is your main concern overall? if we have a global recession, is there something the markets or you think bankers are not really seeing at the moment? ana: well, i mean, my biggest challenge is really executing on a strategy. so, you know, we know where we want to go. we now need to execute. again, we are a bank. it is not going to be as exciting as the last 12 months. it is not going to be about new people and raising capital. that is over. it is now about executing for our c

u.s. stocks. europe, a different picture at the end of the trading day and the trading week. investors still showing signs of disappointment after the ecb came out with fresh stimulus measures on thursday. energy stocks were among the laggards in europe on reports of opec keeping production rates steady. frankfurt had a similar performance. the london ftse took a little more of a hit. going to switch gears now. will new technologies help to battle climate change? here in paris, multinational companies have been showcasing some of their latest projects to cut greenhouse gas omissions. the event took place during the u.n. climate summit, which is also taking place in paris, but it was interrupted by protesters who accuse some of being criminals. >> hundred seven by her mentally friendly projects are exhibited here in the heart -- hundreds of friendlyntally projects are exhibited here in the heart of paris. giant curvedt this screen. it is made of bamboo sticks and plastic bottles that have been recycled. low carbon screens are already being used in taiwan. they can also be used

u.s. and europe. japan is not being left behind. honda is best known for its cars and motorcycles but now it has developed a seven-seater business jet, including the engine. company officials are hoping other manufacturers will put the same engine in their aircraft. nhk world report. >> reporter: las vegas hosted in november a trade fair of around 1,000 aviation companies. honda's booth showed an aircraft engine which the company made. the engine caught the eyes of many people in thendustry. honda has just launched this small business aircraft. what surprised aviators about the honda jet was that the company had developed its body and engine. but buildin engines requires special skill. they are usually manufactured by separate companies. >> it could be a great engine for a little more thrust than what we need right now. we have a new model that we'll have, it's larger and this engine might be a perfect fit for that. >> reporter: it had been a long-time dream of honda's founder to enter the aeronautics industry. about 30 years ago, t

u.s. we're overweight on europe in developed markets. within the u.s. we like -- >> so discretionary, which is the best performing sector, by the way. up 12% year-to-date. it's still a place you think there are gains to be had. what about the notes like this that you see from sacgen that u.s. assets are tired, that maybe the u.s., as you enter next year, and maybe even in the remainder of this year, are not necessarily the place to be. you should buy into some of the depressed areas like energy and you should look even despite some of the things that you say about emerging markets that maybe some of the fears are wroefr blown that the value really lies elsewhere outside the u.s. >> outside of the u.s., though, it's a good point. areas such as europe are where we're looking at very closely. europe, you've got the benefit of economic growth, which is quite stable in some of the ratings that are well above 50. coupled with the fact that we're going to save additional stimulus coming in. we are seeing strong growth. stimulus is being taken away. >> we're 25

they are expectations for using in europe and the hikes in the u.s. into that spread. economic data, momentum we see in the u.s. and europe going into 2016 should enable the central banks to validate those floor prices. what happens thereafter is an open question. near 200-2005 we were basis points. will we get above that this time around? how much more is there still in that trade in terms of the physical positioning? andrew: no, i don't think we get to those sorts of levels. the markets are discounting two next year the fed and the year after. that will require a lot of very positive things to happen in the u.s. the business cycle is quite old. it has reached its midlife period. tightening will come on top of that as we hit the voltage phase of the business cycle. -- hit the old age phase of the business cycle. if you go back even further to 1994, that was the last time we saw the fed hiking rates. they hiked 250 basis points. that was enough for them to push the external value of the deutsche mark down by 20% in 1994. i don't think we will see the happened with the

u.s. and europe. that's important because markets emphasize u.s. data very strongly. if you look at what data markets care about it's u.s. number 1, 2, 3, 4, and 5. that's the dominant issue so this creates a more upbeat perspective from the markets that tend to view the world through the prism of the united states and countries like germany but the second thing and i think this is a longer term issues that investors need to look at, what are we seeing is perhaps a degree of a narrowing of the gap between emerging markets and developed economies growth as a trend. so as you know for a number of year emerging markets have strongly out performed by several percent and that's been one of the traits since '97 and '98 in the asian crisis. now we're getting more beleveraging from asia and that gap between emerging market and developed economy growth is starting to narrow back in and that's going to be a more sustained play and raises questions about what should we expect from emerging market ifs the economy is going to be growing maybe 1 or 2% stronger than developed econom

we got a couple of percentage points for each of forcesopean and u.s., the bigger and broader embassies, such as the stoxx 600 for europend the s&p for the u.s.. that has been driven, it has not been uniform across the sectors. downd companies in europe 6.6%. down 5.6%., we have had companies that have not done so well share price- wise, but they have been outweighed by the big games. -- the big gains. anna: we have a big range from the negative to that kind of increase. which is stocks are you excited about? >> the way i look at that is to look and see who has the most interesting or potentially volatility inducing news. the top of that chart for europe reports for next year. anna: diabetes, it did really well this year. things we needo to be aware of when we look at diabetes. prices are becoming harder to keep putting up. it has been a big driver. and the other hand, we have these outcome trials. they are testing their drugs in a large number of patients to see if they can reduce heart disease. if they do that, there is a significant potential for these drugs to become more broadly used. what are you looking for from

so we have seen it in between europe and the u.s. >> are there many high yield funds here in europe that have assets very low in liquidity and low rated. >> it's about 70 billion euros in assets and most of that is daily liquidity or at least very short-term liquidity. that's something that investors have been mindful of and if you look and speak to investors what they have been doing is moving away from credit markets and taking more positions through liquid products whether it's indices or holding levels of cash. so liquidity is on the mind of investors. >> and one would be the emerging market debt. how concerned are you about further withdrawals? >> well, the em space is only very small percentage of the market that i look at on the european high yield side. it makes up about 7 or 8% of the european high yield market but very concentrated names so we're quite concerned about emerging markets and emerging market growth more broadly. that's going to be the source of volatility for next year. >> when you look at the likes of third avenue being so focused on energy, how much is related to

u.s. and europe. but it was all a set-up run by the boston office of the f.b.i., many of the meetings caught on tape. those recordings obtained exclusively by "5 investigates." one of them even showing a meeting inside a hotel room outside portsmouth, new hampshire. the investigation also notable for how close it got to the head of the cartel, joaquin "el chapo" guzman. he's now a fugitive after this summer. randy: it's 4:49. right now a plea for new leads as andover police continue to investigate the unsolved murders of a local couple. jack and geri magee were found shot to death inside their andover home four years ago. investigators are hoping someone will come forward and help them find whoever pulled the trigger. >> someone out there knows something. we are asking you to search your memory and your conscience. randy: police have conducted more than 50 interviews and followed leads to four states and 20 cities and towns. the magees were married for 39 years. emily: economic headlines this tuesday

u.s. are about the same as europe. according to the crime prevention research center, so the president's critics are expressing a familiar frustration. >> his instinct is always political. it's not presidential. >> today the white house also insisted they've been working with muslim leaders to try to discourage vulnerable young americans from becoming radicalized. but when asked exactly who is involved in that effort?

where europe is very well placed to be able to share its experience with a u.s.. >> the issue haseen creasing for europe. -- the issssue of defense spendg has be increasing in europe. -- it has b been aa challenge. -- recent recent attack attacks actually going to drive a sustained i increase in europn defefense spending? especially in the all article research and technology budgets? >> i think that will be the case. not only defense spending. to finish defense, being played only with national interests. the threats -- the threats are transnational. we need more defense cooperation. we need moref a quantum m leap. civilo need t to finish mimilitary instruments that have to be used in the fight nsagaint the new challenges. you said healthy defense capabilities will depend on industrial capilities. if you look at the research anda technology spending, it has been cut by one third in europe. what do you see r the outlook for those budgets? >> it is the most serious effect of spendinbadly for mamany years. we have to reverse that trend and reversrse only a percent of what we do in eope is

u.s.? are you -- europe is still far behind the u.s.s of recovery and any type of earnings growth. the margins haven't peaked yet. there is room there. you see it developed here. forgetting about germany. they have competitive issues with china wr uan. >> in europe it's three years behind america, and it's a burgeoning ecb. fed tighterning. ecb opening, and euro zone equities are cheaper than u.s. equities. non-u.s. equities. the problem is we have to be right twice. we have to be right with the currency. we have to be right with the equity. >> where do you have to be right with the currency if you do it -- if you do hedge funds? we're in the u.s. dollar e-classes. we have 25% europe. >> we are using etdj, e -- the currency hedge non-u.s. equity. >> i just want to point everybody's attention to the very bottom of our screen and the breaking news that we have at the very bottom, which is that martin shkreli, the ceo or now the former ceo of turing pharmaceuticals, he has resigned he and a swra by the name of ron tillys has been named the

u.s. on the one hand, everybody else, including u.k., europe, china, japan. the distinction is that the u.s. uniquely, after the financial size oflooked at the the nonperforming loans in the banking sector and wrote them off in one fell swoop at the cost of the taxpayer. else is done that, no one is at the current street japan. china, theysingly are progressing down in japan. they will deliver 25 years of zero growth on low yields. that is where we are going. unless you have encouraged to accept that that asset has been built up. anna: is the problem in japan around bad assets or structural changes that need to happen in the economy? getting more women in the workforce, the other arrows? erik: that is part of it, i would say. getting more women in the economy is a laudable goal. summing up will help of the margin, but it does not cut to the structural problem. the structural problem is the resources in the japanese economy is tied up. there is no need to perform when interest rates are so long. that is the environment -- be careful how long you leave that poli

u.s. and europe. the fraud happened from 2012 to 2014. >>> later today, we will get a firsthand look at the heroin epidemic in virginia. attorney general mark herring will present a documentary tonight in arlington called heroin, the hardest hit, includes stories of addiction from users, testimony from parents who lost a child to an overdose and insights from law enforcement and public health officials. >>> 4:51 now. that means we turn to storm team 4 meteorologist tom kierein. and we're still enjoying the warm warmth, getting ready for the cold. >> our fashion consultant's head is exploding because sleeveless in december. >> go for it. >> it is balmy this morning. in the 60s, lingering sprinkles showing up, storm team 4 radar showing very light rain now passing right along the pennsylvania border into frederick county, a little bit closer to northern montgomery county, maybe into damascus and then scooting into howard county over the next half hour. elsewhere, drying out, the pavement is still wet fr

u.s. and europe. now we are seeing asia and africa growth. people enter the middle class, they are going to need energy. ♪ ♪ martha: i was told when i started that i couldn't be a director because i was a woman. and i have been directing now for many years, but certainly not as frequently as i would have had i been a man. maria: i was going into meetings on projects with people as a feature director who had worked with academy award nominated actors. so i should have been taken seriously in these meetings. but i wasn't. it was always a sense of, can you really do this? that a man could do it better. lexi: people would say things to me like, your movie would have

u.s. and europe, which is some degree conceptual. but i would say that the market has been often confused and sometimes the wilderness by the -- sometimes bewildered. guy: this doesn't surprise me in the slightest. the u.s. economy doesn't get affected by what happens around the world, the u.k. economy massively opened. carney has a much more difficult job. jonathan: there is a communication issue here as well. 2015, you come out and say you will hike and you don't. therefore hanging on every single word that comes down from the federal reserve? it was their ability to survey the permission no greater than mark carney. market, the income global financial market, has become so dependent on monetary policy as a driver evaluation. -- driver of valuation. ,hen the fed raises rates today 45% of the world's central banks are still in easing mode. you have the bank of england on hold, the bank of japan. this is not going to be a global merge and interest rates, but i think that the u.k. is correctly priced between extended between the u.s. a

alex: you mentioned how profits may have peaked in the u.s., in europe they are just getting going. if they gain momentum and companies use that cash for share buyback the way they have in the u.s., is that a good sign? >> it is a terrific sign. europeans have not had topline revenue growth, but want to get that you are operating better. european companies are not good at cutting costs on the way down, but u.s. companies are good at that. many top revenue growth to show market -- they need top revenue growth to show margins. and a recovery, even a small one in europe, you can get profits and cash flow and more available to pay dividends and do buybacks and so forth. joe: we also saw negative and part oft week the theory was that there is a growing block within the governing board that is opposed to more easing, perhaps in the northern countries, do you worry about that? that it could grow and be less? or is that a distraction? >> more a distraction. the fact that u.s. rates will rise at some point and we are closer to that point, maybe december or later, but that takes pressure off o

u.s. and europe and asia and a lot of places there -- is actually going to be the biggest driver of our ownfitability and revenue, not trying to make ad markets out of countries that are just coming online. emily: now, once you get people connected, once you have the power to reach them, how do you use that power? mark: are you talking about us or people specifically? emily: i am talking about facebook. mark: well, i mean, for us, it is really all about enabling people. we worked with airtel in zambia. they were our first partner to rollout the suite of free, basic services. then within weeks we starting -- we started hearing these pretty amazing stories coming in of people using the internet. right? so, an expectant mother using the internet for the first time to look up safety and health information for how to raise her child. a poultry farmer using facebook, and setting up a page in order to sell multiple times more chickens than he had been able to before. you know, a university student using the internet to -- using wikipedia to look up the information and save money on books that she

some might look at europe and say it's undervalued compared to the u.s. and given the loose money policy we should be investing in europe and not the u.s.? >> there is a big divergence and there's some concern over there why to be. the u.s. stock market does have trouble when the fed starts raising rates. i do think that there's enough strength that we'll continue to have a positive reaction to a small rise in rates. and that's why i think the jobs report is still very critical even though it doesn't have to be strong to raise rates. it is critical in terming how they raise rates and it could have a very significant impact in the stock market. >> in the two year yield that's still sitting at 0.9548. when is it going to be piercing that 1%. the jobs report is really strong. if not it might not be until december 16th when it does that. we're on a path when it's not a matter of if, it's a matter of when. because the two year is really concerned about where we will be two years from now and i think it's easy to imagine a scenario where feds funds rate, the fed

that is what the u.s., europe, and the small island nations all want written by climate change.na does not want that, though. neither does india. that is what is being reported. ambition and money, key issues to contribute to the $100 billion fund per year given to the nations that will suffer from climate change. and struggle to pay for cleaner energy, to contribute, it should be industrialized companies? or should china, malaysia, india help? comedies that are more developed and advanced in the nation. manus: caroline hyde in paris, on the delay announcement from cop 21. refugees quickly under the spotlight, with a vast flow of people into the spotlight, enable the attackers across borders feeley. those who find themselves being attacked in the country they thought was safe them a and by the kind of terrorist they fled from in the first place. >> last week, he called his family to make sure they were ok in syria. and now he says my parents call me here in paris to make sure i'm ok. founder and director of the school. the place is not just a school where refugees come. it is a

u.s. or europe but why a small caribbean country. >> ease of travel. it's much easier to travel on a st. kitts island. it's much easier to travel. there are tax advantages to being a citizen of these countries. although you don't even really need to be a citizen to take it vantage of the taxing. i think the tax angle is a little overdone. >> nice beaches, i beaches. i can't complain. or just have another option if your country is in trouble you have that haven. >> there's a line where they say in this world the more passports you can have the better. you can't be too rich or too thin. you can have too many national passports. thank you so much. you're going to hang out for a while and sign books. [applause]. thanks so much for coming out. this book is available at the front register. if you'd like to have her sign a a copy of your book you can line up on this wall to your right or my left. just a little note about the after party. it's going to be at 710 smith street. let's give her one big round of applause [applause]. [inaudible conversation] >> here's a look at some books that are bei

u.s. >> or europe. >> or europe, right. >> there's still a lot of other countries other than the u.s. --ience is global and there are different cultural viewpoints on that kind of application. >> reporter: in april chinese scientists reported using crispr to edit the disease genomes of human emborro human embryos for the first time pn't experiment was a failure but it sparked concerns worldwide. >> i and my colleagues have called for a global pause. >> reporter: she's long been vocal about the need to set ethical boundaries and is convening an international summit in washington, d.c. >> what do you hope comes out of that? >> i think it would be great if we can at least get on the table the key issues. it's hard to imagine that there would be a con sensus by all of the parties at the table about how to proceed but i think the first step is to have that conversation. >> emanuel charpontdnier and jennifer dowdna. >> reporter: the high stakes associated with crispr have catapulted her into a rare stratum of scientific celebrities. last year she and her research partner received the $3 millio

u.s. canada and europe for a record box office. some screenings take place at 7:00 tonight, some here in the city that's for sure. 33 years later the thrill isn't over. [ music ] >> that's right, michael jackson's thriller just broke a new record making that album the first and him the first artist to reach multi platinum status 30 times, 30 million copies of thriller have sold in the u.s., 100 million copies have sold worldwide since it's release back in 1982. >> coming up on cbs 2 news tonight at 5 odd cravings during pregnancy may not be unusual but wanting to eat dirt or couch cushions. these strange desires. >>> and taking a man to court over his ideas for naming new addresses. we'll have much more tonight on cbs 2 news beginning at 5. >>> iconic movie memorabilia is up for grabs. rocky will be auctioned off. also rambo's army jacket from first blood. bidding starts friday at heritage auctions in los angeles. some of the proceeds will go to charity. >> some could fetch a pretty penny too. that's it for us at noon. thanks for j

u.s. >> or europe. >> or europe, right. >> there's still a lot of other countries other than the u.s. -- >> well, science is global and there are different cultural viewpoints on that kind of application. >> reporter: in april chinese scientists reported using crispr to edit the disease genomes of human embryos for the first time pn't experiment was a failure but it sparked concerns worldwide. >> i and my colleagues have called for a global pause. >> reporter: doudna has long been vocal about the need to set ethical boundaries and is convening an international summit in washington, d.c. >> what do you hope comes out of that? >> i think it would be great if we can at least get on the table the key issues. the parties at the table about how to proceed but i do think the first step is to have that conversation. >> emanuel charpontier and jennifer doudna. >> reporter: the high hopes and high stakes associated with crispr have catapulted doudna into a rare stratum of scientific celebrities. last year she and her research partner received the$3 million breakthrough prize in life sciences, whic

we thought there were experts on , and, u.s., europe unfortunately, the data in october has confirmedir, the impulse out of the rest of the asian countries is not very dynamic. --re back in the new normal not exciting, but at the same time, not dangerous. scarlet: what impact do you see from china's stimulus? do you see it showing up in the data anywhere? amer: of course. the steam assisted instrumental in making sure that those sectors remained buoyant, not collapsing, and more importantly, ensuring that sectors are recovering and growing. you think of china today as 2 economies. you have domestic consumption and government spending doing quite well, probably much buttressed -- very much buttressed by monetary policy. at the same time, another economy in china, and the summits in, the housing economy is reeling from excess capacity and the excess weight of leverage as well. stimulus is a way in which you ensure that the first group continues recovering what the second group doesn't fall off a cliff. it seems to me that they've been able to thread the needle and maintain that level of